Corn Wet-Milling Market Expected to Reach 77.50 Billion USD by 2021

The corn wet-milling market is driven by increasing demand for high fructose corn syrup in processed food & beverage products, increasing consumption of corn gluten meal-based animal feed products in the meat industry, multi-functionality of corn starch in non-food applications, and increasing demand for bio-ethanol products which has led to a large-scale adoption of corn wet-milling products for various applications.

Feed application is growing at the highest CAGR in the corn wet-milling market

On the basis of application, the corn wet-milling market is segmented into food, feed, and industrial. Feed application dominated the corn wet-milling market and is projected to grow at the highest CAGR from 2016 to 2021, due to increasing consumption of corn gluten meal-based animal feed products in the meat industry. Growing demand for abundant, safe, and affordable animal proteins is driving the market for corn wet-milling in the animal feed industry.

Sweeteners: The most widely used end product of corn wet-milling

The sweetener segment accounted for the largest share in the corn wet-milling market in terms of value and is projected to grow at the highest CAGR from 2016 to 2021. The products of corn sweeteners include corn syrups, crystalline fructose, high fructose corn syrups, and dextrose. A large-scale production of corn sweeteners and their application in the food industry is expected to drive their demand.

North America is projected to be the fastest-growing region in the corn wet-milling market

North America is the largest market for corn wet-milling products. In this region, corn wet-milling products are used in various industries such as food, animal feed, textiles, paper, pharmaceuticals, personal & healthcare, and others.

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